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February 6, 2018

 

China Live Hog Weekly: Further price slide amid lacklustre pork demand   (week ended Feb 1, 2018)

 

An eFeedLink Exclusive

     

 

Price summary

 

Prices fell further.
 

 

Region

Province

Average price this week

Average price last week

Price change

North China

Hebei

14.84

15.06

-0.22

Henan

14.99

15.16

-0.17

East China

Shandong

15.03

15.25

-0.22

Jiangsu

15.31

15.56

-0.25

Central China

Hunan

15.21

15.34

-0.13

South China

Guangxi

14.99

15.17

-0.18

Guangdong

15.07

15.17

-0.10

Southwest China

Sichuan

15.22

15.54

-0.32

(All prices in RMB/kg)
RMB1=US$0.1580 (Feb 6)

 

 

Market analysis

 

Hog market weakened further as demand for poor was sluggish while farmers released inventories eagerly amid concerns that prices would fall further after the Chinese New Year holidays.

 

With pork carcass prices falling 1.27% to RB21.06/kg, hog prices fell 1.31% to RMB15.08/kg.

 

 

Market forecast                                                  

 

Hog prices are expected to dip further as demand for pork is unlikely to increase tremendously with the preparation of the festive celebration at its end. However, due to stormy climates, delayed deliveries in some parts of China will lend some support to the markets.

 


eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: http://www.efeedlink.com/eFLResearch


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